Nobody downloaded yet

Ethics and Values in Business Management - Assignment Example

Comments (0) Cite this document
The following assignment "Ethics and Values in Business Management" deals with an individual’s moral judgment about right or wrong that is subject to external influence. It is stated that individuals may make decisions within an entity, being influenced by the culture of the company…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.1% of users find it useful
Ethics and Values in Business Management
Read TextPreview

Extract of sample "Ethics and Values in Business Management"

Download file to see previous pages A utilitarian approach holds that the morally right course of action is the one that produces the greatest balance of benefits over harms in any situation for everyone affected. Utilitarianism aims at producing benefits regardless of whether they were arrived at by lies, coercion or manipulation. This approach argues that; individuals ought to do whatever produces more total happiness than doing anything else would. This means that the morally right action is the one that will most likely maximize utility. ‘The highest good is goodwill.’ This is the Kantian approach argument which states that to act from goodwill is to act from duty. An action is made good by the intentions behind it rather than the consequences. Motives of self-interest cannot contaminate truly moral actions since the action is truly moral only if it is morally motivated. The major assumption of this approach is that actions that enhance the bottom line are acts of self-interest (this is well illustrated from Hugo’s case). Aristotle and other Greek philosophers came up with the Justice/ Fairness Approach to ethics which states that; ‘equals should be treated equally and un equals unequally’. The moral question in this approach is: How fair is an action? Are favoritism and discrimination exhibited? Favoritism places benefits to some individuals with no justifiable reason for singling them out whereas discrimination imposes burdens on individuals who are in all aspects equal to those on whom the burdens are not placed. These two aspects of bias are unjust and wrong (Langwith, 2008).
The ability to make distinctions between competing choices is crucial in making ethical choices (Kotler, and Keller, 2009). The seven-step decision-making model is useful in making better decisions. Every decision-making model applied to begin with identifying the problem that requires a decision-making process to be established. The seven-step decision-making model is useful in making better decisions. Every decision-making model applied to begin with identifying the problem that requires a decision-making process to be established.
Hugo, an assistant brand manager for a floor cleaning system, has for a long time been disturbed by the marketing practices in the company that promulgate the physical attractiveness phenomenon. From Hugo’s case, there are various ethical issues that require a decision-making process be established and the possible courses of action undertaken. The ethical issues that this case presents are clear. Identifying these ethical issues being the first step of the decision-making process, this case is a clear indication of favoritism and discrimination according to the justice approach to decision making. The marketing practices used in this case promulgate the physical attractiveness phenomenon. The appearance of the company’s products is being depicted through physical attractiveness to serve as an informational cue from which extensive information of the products is inferred. This triggers assumptions causing powerful effects that are beneficial for individuals whose appearance is higher in physical attractiveness and detrimental for individuals whose appearance is lower in physical attractiveness. According to the utilitarian approach, this course of action produces maximum benefits for the company at large.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Ethics in Business Assignment Example | Topics and Well Written Essays - 2000 words”, n.d.)
Ethics in Business Assignment Example | Topics and Well Written Essays - 2000 words. Retrieved from
(Ethics in Business Assignment Example | Topics and Well Written Essays - 2000 Words)
Ethics in Business Assignment Example | Topics and Well Written Essays - 2000 Words.
“Ethics in Business Assignment Example | Topics and Well Written Essays - 2000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Ethics and Values in Business Management

Values and Ethics in Professional Business

.... Individuals holding minimum degree of experience in the field of business have at times all of a sudden found themselves in coming to decisions regarding the product advertising, sales techniques, quality, pricing, pollution management and making use of applications. The values absorbed by those individuals from their respective religion, school and family might not prove to be sufficient in offering them the definite guidelines in relation to the complicated business decisions. Therefore, it could be well understood that a significant degree of difference exists between the personal and the professional values as well as ethics....
12 Pages(3000 words)Term Paper

Healthcare Management: Values and Ethics

...?Running Head: Management Healthcare Management: Values and Ethics An Essay Introduction Almost all organizations would like to build a strong reputation of ethical behavior. As a result, codes of ethics and social responsibility agendas are created to restore confidence in employees that organizational management is dedicated to ethical behavior. Managers should recognize and understand their part in developing organizational ethics and take advantage of the chance to built an environment that can bolster the forces on which the successful outcomes of the organization...
10 Pages(2500 words)Term Paper

International Management Ethics and Values

...employment in the deeply impoverished nation, where 40 percent of adults are unemployed. Adapted from K.G. Grimsley, “‘Already Old’ In Bangladesh”, The Washington Post, 25 September 2002, as reprinted in J.K. Milne, Ethics for International Business (London, Routledge, 2005) p. 95. Write about 700 – 900 words, addressing these points about the International Garment Industry case: (1) Explain why Lisa Rahman might be considered a stakeholder in Walt Disney Co. [3 marks] 250 – 350 words (3 Ref’s) A person becomes a stakeholder in a company, if his/her interests are intertwined with the fortunes, decisions and activities of the company. According to this view, Lisa certainly qualifies as a stakeholder, as...
3 Pages(750 words)Essay

International Management Ethics and Values

...?Case Study: Ethical Values of Generics Table of Contents Table of Contents 2 Answer 3 (a) 3 (b) 3 (c) 3 Answer 2 4 (a) 4 (b) 4 (c) 5 Answer 3 6 Answer 4 6 Reference List 8 Answer 1 (a) From the above statement of the case study it is observed that it resembles the normative ethical theory. The theory intends to reveal, justify and develop basic moral principles. The basic intention of this theory helps to unfold the reasons behind the implementation of moral values and ethics in a society or company (Sadler, 2011). Generic resting would require testing of chromosomes, proteins and genes. Thus, it will allow the revealing of the variations or mutations that would lead to genetic disorders. This ethical theory will help in guiding... the...
4 Pages(1000 words)Case Study

International Management Ethics and Values

.... What is the difference between descriptive ethics and normative ethics? What role do values play in each of these two approaches to ethics? Provide examples to illustrate your points. Hints: define descriptive ethics and normative ethics? The importance (play important role in the ethical decision making) and the difference! Provide some examples. Descriptive ethics is founded on the belief that humans are ‘hard-wired’ to be selfish. That is, they are for the most part absorbed in fulfilling their own desires and goals. The capitalist economy is a good example of this instinct in humans, whereby, ‘greed...
4 Pages(1000 words)Assignment

Enhancing Motivation, Ethics and Values

... of Conduct Within Regulated Professions: Influence and Conflict with the Ethics and Values of Today’s Leaders Introduction A of conduct within regulated professions is a policy statement that describes the responsibilities of a company’s management and employees, as stated in the Securities and Exchange (SEC) Final Rule and the New York Stock Exchange (NYSE) corporate governance rules (McGraw et al, 2008). Ethics is “a set of formal and informal standards or conduct that people use to guide their behavior” (Wood, 2002: 2). Ethical behavior is the manifestation of values such as honesty, integrity, and respect on the part of the firm’s management and employees. Reports of ethical lapses in the business world appear frequently... , and are...
4 Pages(1000 words)Essay

OD ethics and values,

...OD ETHICS AND VALUES …………………. College/ ………….. …………. Answer- A What could have OD consultant offered the leader? In recent years, many organizations have been employing professional OD consultants in order to get them assisting in bringing change more effectively. The OD consultants work with managers and leaders and function as change agents so that the organization can easily accomplish its objectives. OD consultants are the professional members of an outside agency who give advice, opinions, mentoring, counseling and legal assistances etc. As French, Bell and Zawacki (2004, p. 291) noted, OD consultants are expected to be astute business professionals and to offer...
4 Pages(1000 words)Case Study

International Management Ethics and Values: Reflective Journal responsibility practices as profitable. Stockholders have become more aware and this is why they look for how their firm is performing socially. This has made managers ‘display’ their CSR practices to the customers and stockholders in order to increase value of the firm. This is wrong because when this happens firms are actually showing that they do not believe in such measures and they are only doing it for repute or increase in sales. This makes it business strategy instead of corporate social responsibility! Also ethical issues arise when firms look to dump their near to expiry stocks in developing countries so that their corporate social responsibility...
8 Pages(2000 words)Essay

Ethics, values, and morals

...method of judging when or whether one should help another person is by reference to ones own rational self-interest and ones own hierarchy of values: the time, money or effort one gives or the risk one takes should be proportionate to the value of the person in relation to ones own happiness." What might the social and political outcome be if that approach were implemented? This kind of ethical value can be considered utilitarian where one only practices altruism when it benefits the self or when one can get more from practicing altruism. If this kind of value will pervade, our world will be an awful world because nobody knows charity and that helping...
4 Pages(1000 words)Essay

Professionalism values and ethics

...Best Large Development, Camden Business Awards 38 2014 39 Camden Design Awards 40 2014 41 Philippe Rotthier European Prize for Architecture, Nominated The awards conferred to this building is a clear indication that the project is a success, the awards are also evidently pointing out that the architectural professionalism values and ethics were observed in designing the building. An overview of UAL campus and the building entailed in UAL. Figure 1: Central Saint Martins’ college Source: Sturrock (2011) A Granary building B Transit sheds C Studio Buildings D Central Street E East-West link F Terrace 5. Historical background and...
12 Pages(3000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Ethics and Values in Business Management for FREE!

Contact Us